888 Holdings plc. (EIHDF) - OTCPK - Current
  • Wed, Jun. 15, 8:48 AM
    • The New York State Senate approved a bill to make online poker legal in New York with restrictions.
    • The bill would allow New York's 11 racetrack casinos to host online poker tournaments.
    • New York will be the fourth state in the U.S. after Delaware, New Jersey, and Nevada with legalized online poker if the full state assembly approves the legislation. There's considerable debate over which direction the assembly will go.
    • A significant political battle over the potential development of new casinos in the northern part of New Jersey is in the background of the online poker discussion.
    • Related stocks: CZR, OTCPK:EIHDF, MGM, AYA, BYD, NYNY.
    | Wed, Jun. 15, 8:48 AM
  • Mon, Jun. 6, 2:21 PM
    • The purchase by MGM Resorts (NYSE:MGM) of the Borgata could help to usher in the second wave of online gambling legalization, according to analysis from USPoker.com's Steve Ruddock.
    • "If expansion occurs, multiple online gambling stakeholders will have national interests and realize a potential windfall from interstate agreements. This should make the barriers for interstate and even international agreements less daunting," writes Ruddock.
    • Caesars Entertainment (NASDAQ:CZR) and 888 Holdings (OTCPK:EIHDF) top the list of pro-online poker players. Mohegan Sun and MGM Resorts with its interests in New Jersey, Michigan, and New Jersey are also likely to support more legalization.
    • Previously: A deep dive into the Borgata deal (June 1)
    | Mon, Jun. 6, 2:21 PM | 5 Comments
  • Tue, May 17, 2:18 PM
    • Insider selling at 888 Holdings (OTCPK:EIHDF) isn't something for investors to panic over, according to analysis from gambling industry site CalvinAyre.com.
    • Earlier this week, 888 shares fell after co-founder Shay Ben-Yitzhak lowered his stake to 2.6% from 10.9%.
    • While the company has survived other rounds of insider selling in its past, this time around William Hill (OTC:WIMHF, OTCPK:WIMHY) is a potential bidder.
    | Tue, May 17, 2:18 PM
  • Tue, Mar. 22, 8:23 AM
    | Tue, Mar. 22, 8:23 AM
  • Dec. 30, 2015, 9:24 AM
    • The elevated level of consolidation in the gaming sector is expected to continue in 2016 as companies look to scale up amid margin pressure.
    • Analysts think 888 Holdings (OTCPK:EIHDF) and William Hill (OTC:WIMHF, OTCPK:WIMHY) could rekindle their merger talks.
    • Betsson (OTCPK:BTSNF) is seen combining with Malta-based Unibet.
    • Mega-mergers are given a longer shot by analysts despite persistent chatter over Wynn Resorts (NASDAQ:WYNN), MGM Resorts (NYSE:MGM), and Las Vegas Sands (NYSE:LVS). Some names to watch for M&A buzz include Full House Resorts (NASDAQ:FLL), Amaya (NASDAQ:AYA), Tropicana Entertainment (OTCQB:TPCA), Entertainment Gaming (NASDAQ:EGT), Eldorado Holdings (NASDAQ:ERI), Ladbrokes (OTCPK:LDBKY), Boyd Gaming (NYSE:BYD), Isle of Capri (NASDAQ:ISLE), and Golden Entertainment (NASDAQ:GDEN). A wildcard in the mix is Caesars Entertainment (NASDAQ:CZR) which is mired in legal quagmire, but has some strong properties in its stable if it can clear bankruptcy intact.
    • Place your 2016 gaming merger bet in the comment stream.
    • Related ETF : BJK.
    | Dec. 30, 2015, 9:24 AM | 6 Comments
  • Sep. 4, 2015, 2:52 AM
    • GVC Holdings (OTC:GMVHF) has agreed to buy Bwin.Party Digital Entertainment (OTCPK:PYGMF) for about £1.1B ($1.7B), winning a fight with 888 Holdings (OTCPK:EIHDF) to acquire the online gambling company.
    • GVC's battle was the latest in a series of combinations in the gaming industry driven both by the growth of the sector and protection from increasing tax and regulatory pressures.
    • Previously: GVC pushes for Bwin.Party deal (Aug. 07 2015)
    | Sep. 4, 2015, 2:52 AM
  • Aug. 7, 2015, 8:55 AM
    | Aug. 7, 2015, 8:55 AM
  • Jul. 21, 2015, 4:31 AM
    | Jul. 21, 2015, 4:31 AM
  • Jul. 20, 2015, 2:49 PM
    • The merger between 888 Holdings (OTCPK:EIHDF) and Bwin.party (OTCPK:PYGMF) creates some intriguing possibilities if online gaming is approved in more U.S. states or under a federal framework.
    • 888 partners with Caesars Entertainment (NASDAQ:CZR) in Nevada, while Bwin has an agreement struck with Boyd Gaming and MGM Resorts in New Jersey. Some analysts think those partnerships could be easily expanded at scale.
    • If online gaming remains a three-state phenomenon, the combined Bwin-888 entity faces a challenge with competition from Betfair (OTC:BTFRF) and Amaya Gaming (NASDAQ:AYA) which owns PokerStars and Full Tilt Poker.
    • Shares of Bwin.party are up 8% over the last year, although they stand well off their all-time highs. 888 Holdings is +32% over the last year.
    • Previously: 888 scoops up Bwin.party for $1.4B (Jul. 17 2015)
    | Jul. 20, 2015, 2:49 PM
  • Jul. 17, 2015, 4:02 AM
    • Trumping a bid from rival GVC (OTC:GMVHF), Online gambling firm 888 Holdings (OTCPK:EIHDF) will buy Bwin.party Digital Entertainment (OTCPK:PYGMF) in a cash and stock deal worth £898M ($1.4B).
    • The deal is the latest in a flurry of M&A activity in the industry, which is expected to accelerate as gambling firms look to protect themselves from increasing tax and regulatory pressures.
    • Just six months ago, 888 rejected a takeover bid from William Hill (OTCPK:WIMHY), which valued it at about £750M.
    • Previously: Bwin confirms offer from GVC (Jul. 09 2015)
    • Previously: Bwin.Party +11% with offer on the table (May. 15 2015)
    | Jul. 17, 2015, 4:02 AM
  • Jun. 29, 2015, 1:47 PM
    • The Internet Poker Freedom Act was introduced last week in the House of Representatives by Rep. Joe Barton from Texas. The bill aims to legalize online poker under a federal framework.
    • The Senate has the Restoration of America’s Wire Act in front of it which calls for a major crackdown on all forms of online gambling. Las Vegas Sands (LVS -1.8%) chairman Sheldon Adelson is a sponsor of the legislation and longtime advocate of banning online gambling.
    • The burgeoning sports betting industry which includes daily fantasy game sites such as FanDuel and DraftKings will be watching the developments on Capital Hill closely.
    • Previously: Momentum builds for legalized sports betting (March 10)
    | Jun. 29, 2015, 1:47 PM | 13 Comments
  • Jun. 24, 2015, 3:08 PM
    • Online gaming revenue in New Jersey rose 19.1% in May to $12.5M.
    • If discontinued operations are backed out, the year-over-year increase is +25%.
    • The online category is up 12.6% YTD to $60.31M.
    • Brick-and-mortar casinos have seen revenue from slot machines and tables games fall off this year.
    • Division of Gaming Enforcement report (.pdf)
    • Related stocks: BYD, CZR, MGM, OTCPK:EIHDF.
    | Jun. 24, 2015, 3:08 PM | 1 Comment
  • May 12, 2015, 12:51 PM
    • Senator Harry Reid says he will consider supporting a full ban of online gaming in the U.S. if he can't carve out an exemption for poker.
    • Currently, there is a bill floating around the House of Representatives that stands a decent chance of making it to the Senate this year.
    • Most casino operators support online gaming due to the strength of their brand, although a notable exception is Las Vegas Sands (NYSE:LVS) with outspoken CEO Sheldon Adelson.
    • A federal ban on online gaming could also have implications for the growing online sports fantasy games industry which has steered clear of tight regulatory review so far.
    | May 12, 2015, 12:51 PM | 16 Comments
  • Apr. 15, 2015, 8:09 AM
    • Online casinos and poker websites took in $13.16M in March to set a monthly record for the industry.
    • Borgata (MGM, BYD) brought in over $4M for the month to lead the pack.
    • A partnership between Caesars Entertainment (NASDAQ:CZR) and 888 Holdings (OTCPK:EIHDF) recorded revenue of $2.82M during the month.
    • Online casino and poker growth in New Jersey has fallen short of many early estimates.
    • Total revenue by operator since launch: Borgata $59.76M, Caesars/888 Holdings $43.29M, Tropicana/Virgin $31.55M, Golden Nugget $25.55M, Resorts AC $204.98K.
    | Apr. 15, 2015, 8:09 AM
  • Mar. 26, 2015, 10:03 AM
    • Nevada and Delaware launched a multi-state online poker network this week in an effort to grow traffic.
    • The platform was built by 888 Holdings (OTCPK:EIHDF).
    • Caesars Entertainment (NASDAQ:CZR) has a hand in online poker through Caesars Interactive Entertainment and its WSOP property.
    • Online poker revenue in New Jersey, Nevada, and Delaware has disappointed over the last year.
    | Mar. 26, 2015, 10:03 AM
  • Feb. 17, 2015, 2:08 PM
    • Takeover talks between 888 Holdings (OTCPK:EIHDF) and William Hill broke down yesterday, according to Financial Times.
    • 888 Holdings rejected a £700M ($1.075B) offer made by the large bookmaking company.
    • Bwin.party (OTCPK:PYGMF) and 888 Holdings are both down sharply in London trading over the last few sessions as M&A speculation has fizzled.
    | Feb. 17, 2015, 2:08 PM
Company Description
888 Holdings Public Limited Company (888) is one of the worlds most popular online gaming entertainment and solutions providers.
Sector: Services
Industry: Business Services
Country: Gibraltar